M
Member
Speaking in the House of Lords on 4 November 2024
Debate
Bank Resolution (Recapitalisation) Bill [HL]Contribution
I come back to the core of this argument: I do not take the position that the FSCS was ever designed to step in and deal with the failure of a major bank. It would crash our entire financial and banking sector if everyone had to step in and come to the rescue of, say, RBS, Lloyds, NatWest or whatever else. That would not be appropriate.
About Hansard
Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.